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U.S. Banks explore joint stablecoin initiative amid pending regulation Several major U.S. banks, including #JPMorganChase , #BankofAmerica , #Citigroup , and #WellsFargo , are in early discussions to develop a joint #stablecoin project, according to a Wall Street Journal report. The move would be a direct challenge to the current dominance of crypto-native issuers #Circle and #Tether in the $245 billion #stablecoin market. The banks are reportedly exploring the effort through their affiliated payment companies, such as Early Warning Services and the Clearing House.
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Hyperdrive raises $6M in a Series A funding round Hyperdrive secures $6M in a funding round led by #HackVC and #ArringtonCapital , with participation from #DelphiVentures, #CMSHoldings, #AmberGroup, #SusquehannaInternationalGroup, #Caladan, #ProofVC and angel investors. #Hyperdrive is a decentralized finance #DeFi platform focused on stablecoin lending and yield strategies within the #Hyperliquid ecosystem.
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LIQUIDATION DATA IN 24 HOURS TOTAL LIQUIDATIONS: UP TO $442.07M TOP 5 COINS WITH HIGHEST LIQUIDATION: $BTC ~ $189.14M $ETH ~ $135.78M $SOL ~ $33.78M #DOGE ~ $19.62M #SUI ~ $14.70M #Blockchain #DeFi #liquidation
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Orbiter Finance announces an airdrop for Binance Alpha traders #Binance airdrops 8,000 $OBT (~$93) to eligible users with at least 200 Alpha Points. Users can claim airdrop until May 25nd at 10:00 UTC; otherwise, the reward will become unavailable. Сlaiming an airdrop will consume 15 Alpha Points. #OrbiterFinance is a decentralized bridge protocol that facilitates the transfer of assets between different blockchain networks, particularly focusing on #Ethereum and its #Layer2 rollups.
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Daily Summary on May 24, 2025 $WLD $AAVE $HYPE $PI $INJ $BTC $ETH $SOL #DOGE #SUI #dailysummary #DeFi #Crypto
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